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Beckman Coulter’s Strategy Reflects Consolidation Trends

CEO SUMMARY: Rapid changes to the clinical laboratory industry had equally profound impact upon the major diagnostic companies. At Beckman Coulter, Inc., market forces triggered a decade of acquisitions and internal consolidation.The company looks very different today than it did ten year…

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Express Scripts, InformInvestor.com, UroCor, Bio-Reference Laboratories

PRESCRIPTION DRUG SPENDING HITS A RECORD INCREASE OF 17.4% IN 1999 Just-released data from Express Scripts, Inc. indicates that spending on prescription drugs increased by a record 17.4% during 1999. This compares to a 9.6% spending increase for drugs in 1998. As most lab e…

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1-For-10 Reverse Stock Split Boosts LabCorp’s Share Price

MAY PROVED TO BE an auspicious time for Laboratory Corporation of America to restructure its equity base. In the process, it’s positioning itself to be a tougher competitor in the lab testing marketplace. Ever since the company was first created by the merger of Roche Biom…

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Questions Remain About Performance Of Liquid-Prep Paps

CEO SUMMARY: During the past five years, several companies entered the lab marketplace with claims that their new Pap test technologies are improvements over conventional Pap smear methods. Armed with investment capital from Wall Street, these companies launched aggressive sales and marke…

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ProxyMed, MedePass, Cigna, Aetna

FORMER SBCL PRESIDENT HAS QUICK TOUR AS CEO OF PROXYMED, INC. IT WAS A SHORT TOUR OF DUTY as Chief Executive Officer at ProxyMed, Inc. for John B. Okkerse, Jr., Ph.D. On May 19, after only six months as ProxyMed’s CEO, Dr. Okkerse stepped down as part of a cost-cutting mo…

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BRLI Ready To Leverage Physician Relationship

CEO SUMMARY: As healthcare E-commerce rapidly approaches, clinical laboratories will find they have a built-in competitive advantage—their existing business relationship and communication links to physician offices. Bio-Reference Laboratories, Inc. is moving rapidly to capitalize on thi…

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War College Identifies Emerging Lab Trends

CEO SUMMARY: Disruptive technologies and the arrival of healthcare E-commerce were two common themes which emerged from this year’s Executive War College on Laboratory and Pathology Management. Consensus by faculty and attendees alike was that every lab organization should have an Inter…

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Columbia/HCA’s $745 Mil Settlement Announced

CEO SUMMARY: Although Columbia/HCA will pay the feds $745 million as part of its recent settlement, the facts of “Medicare fraud” are far from convincing. Wall Street Journal analyst Holman W. Jenkins, Jr. makes a strong argument that the government was able to pick on Columb…

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Is Your Lab Still Making Buggy Whips?

OUR FIFTH ANNUAL Executive War College on Lab and Pathology Management is just around the corner. In just a few days, on May 16-17, 400 laboratory executives, administrators and pathologists will gather in New Orleans to learn the latest innovations in the management and operation of…

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Spectrum Labs Selects Nate Headley To Be CEO

CEO SUMMARY: Spectrum Laboratory Network, a joint venture among several large hospitals, recently selected Nate Headley to be its new Chief Executive Officer. Since its launch in 1997, Spectrum has performed below the expectations of its hospital owners. It was to enhance laboratory servi…

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